,
15 tweets,
4 min read
Read on Twitter
1/You are under a 51% attack. The ability to govern your finances and maintain validity of your wealth has been coopted by fiat. Your POW has been subverted by govt agencies “double spending” your hard earned money. Their attack vectors are wide & varied. Read on 👇
2/The US abandoned the gold standard in 1971 ushering in the fiat regime. Citizens were promised nothing would substantially change. The policy effectively tanked USD purchasing power. 
3/Low interest rates are fuel for unnecessary investment and uneven distribution of credit rewarding players close to the CBs and Federal Reserve. Crony capitalism is simply code for a socialist/welfare system that suppresses it citizens.
4/Expanding the money supply (easy credit) props up equity markets and creates an illusion of wealth. Markets are doing great! Yet cost of living and price of basic necessities keep going up.
5/Fiat forces spending in order to keep up with inflation leading to historically low savings. American savings rates have fallen since abandoning the gold standard in 1971.
6/By constructing a spend now economy citizens are forced to participate in high time preference activities. They buy frivolous goods and seek comfort in immediate gratification.
7/Yet despite cheap tvs, phones, entertainment many are struggling to survive, living paycheck to paycheck. Living wage has gone up nearly 15% in the last few years!
8/Purchasing power has hardly budged despite a massive increase in cost of living.
9/Your taxes support a global welfare state effectively controlled by central banking. CBs create money out of thin air ensuring an indentured citizenry!
10/In the US national debt has gone parabolic with no end in site.
11/But wait! Won’t the lender of last resort will step in to rescue the economy? Of course! But that lender is you. By orchestrating bail ins and shuffling credit/debt through opaque markets/instruments you foot the bill thru direct and indirect dilution of money.
12/BTW the lender of last resort (LOLR) traditionally stepped in to defend the aggregate money supply against specie drain.
13/But today’s LOLR is always at work manipulating rates, equity markets, income, employment and price levels. Its deep reach reduces market efficiency as participants learn they have a permanent backstop.
From @DallasFed, 1990
From @DallasFed, 1990
14/MMT, QE/QT policies, 0 or neg. interest rates, taxing unrealized gains, ECB and IMF “e-dollars” are part of an expanding toolset for the ongoing 51% attack on your earnings.
15/But with #bitcoin we can reclaim value. We establish a meaningful social contract with money outside of state control. Every fiat unit put into bitcoin secures not only the network but an individual’s right to save, prosper & express financial freedom.
